OCAC

Urges OGRA to revert to old methodology that considered prevailing dollar rate

Amended policy guarantees 7-year protection for refineries upgrading plants

Petroleum consumption dips 7% to 1.24m tons in December

Calls price cut a political decision that will prove to be landmine for caretaker setup

Industry proposes govt to offset losses through inland freight margin

Says it will help address issues of periodic margins and investment in infrastructure

Claims industry has faced Rs1.8b loss in a single day

Imran Khan-led govt allows refineries to import commodity to meet growing demand due to harvesting season

Pakistan Refinery Limited says OMCs are importing, not lifting locally produced oil products